Speak to a few conventional banks and see what they will do for you given your new financial and work situation.

Having the experience that I’ve gained and spending time learning about the financials of owning a rental, I feel pretty good about being able to look over a listing’s presented numbers and recognize anything that doesn’t seem right.

Real estate is a get rich slow process, takes a lot of money and time to achieve financial freedom.If you do not have the time or skill to flip begin by using your money as minimum down payment on the largest number of doors you can finance.

That's the last thing you want to do when you start purchasing these larger properties is over extending yourself and going way over budget.I've also built a financial model that I help other investors analyze property (especially the larger apartments), so if you ever have any questions or need help don't hesitate to reach out.

Hi Steve,It also comes down to comfort levels of whether you like to micro or macro manage your funding pools as well as your own personal financial auditing style.You also need to keep legality in mind as to whether the property is setup under a personal or corporate entity in order to protect yourself or your personal assets etc. 

I realized how very important it is to invest ones own money and prepare for retirement my goal is to become financially independent.

But I really focus on my CoC return as this is what gives me that financial freedom.

I think I would be hard pressed to generate cash flow with buy and hold, within my current financial limits.

This will allow me the financial freedom to go back to school and get the education I wasn't able to get because of my responsibility to my family.I'm in the Hoke county area and I have seen many homes posted on Realtor-com in that price range, mostly mobile home REO.

I would also acquire a copy of an up to date financial report for the property to see if they have been negligent with any of their rental payments.